SINGAPORE (Sept 11): OCBC Investment Research is maintaining its “buy” call on Frasers Logistics & Industrial Trust (FLT) with a higher fair value of $1.19 compared to $1.18 previously, after incorporating the trust’s recent capital recycling transactions into its valuation model.

In a report last Friday, analyst Andy Wong notes that FLT’s recently-completed property divestments at Coghlan Road and Hartley Street in Australia came in at attractive premiums of 36.7% and 40.3% above book values as at end-June and end-March, respectively.

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